Bank of Canada Cuts Policy Rate to 2.75% as Economy Faces ‘New Crisis’
The central bank must balance the risk of tariff-fueled higher inflation and the damage to growth from U.S. trade policy, Gov. Tiff Macklem says.
Tiff Macklem warns, "A new crisis is on the horizon" as US tariffs threaten Canada's economy
Bank of Canada Governor Tiff Macklem has warned that US tariffs and Canada’s planned retaliatory measures could severely harm the economy, reducing growth while increasing inflation.
Bank of Canada to be cautious about future rate moves: Full text
OTTAWA, March 12 (Reuters) - The Bank of Canada released the following statement on Wednesday:
Bank of Canada Cuts Rates, to Move ‘Carefully’ Amid Tariffs
The Bank of Canada cut interest rates by a quarter percentage point and called the trade battle with the US a “new crisis,” but pushed back on expectations that policymakers were on a predetermined cutting path.
Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs
The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.
Bank of Canada cuts interest rates to 2.75%
The Bank of Canada has cut its benchmark interest rate by 0.25 percentage points to 2.75 per cent, the lowest since July 2022. It is the seventh consecutive cut in the central bank’s monetary easing cycle as Canada’s inflation rate has been within policymakers’ target range of about 2 per cent.
Bank of Canada considered leaving rates unchanged, governor tells Reuters
The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement on Wednesday before ...
BoC Governor Macklem: Our estimate of neutral is centred on 2.75%
Bank of Canada (BoC) Governor Tiff Macklem discussed the central bank’s policy outlook and answered questions from the media after the BoC lowered its policy rate by 25 basis points to 2.75% at the ...
Forex Factory5h
Canada between rock and hard place
As expected, the Bank of Canada (BoC) cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75%, the lowest since September 2022. In his prepared ...
Bloomberg L.P.20d
Macklem Says ‘Not the Time’ to Rethink 2% Inflation Target
Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to ...
The Globe and Mail21d
Tiff Macklem warns prolonged trade war with U.S. would permanently weaken Canadian economy
Bank of Canada Governor Tiff Macklem warned that a full-blown trade war with the United States would permanently weaken the Canadian economy and cautioned that the central bank has few tools to ...
Tiff Macklem outlines what tariffs could mean for inflation in Canada
Bank of Canada governor Tiff Macklem, who cut the bank's key interest rate on Wednesday, said the bank expects tariffs to ...